Can I get a student loan from my bank if I have bad credit/defaulted loan?
Unfortunately I have defaulted on my student loan. Although I applied for assistance before it defaulted, sent it the required documents then got a letter saying that I didn't provide enough information. Anyways, I'm just wondering if I can still get a loan from my bank, TD Canada if I have bad credit and a defaulted student loan. And if not what can I do to pay off my tuition?
Asked By: - 2/10/2012
Best Answer - Chosen by Asker
No one is going to give you further loans at all until you fix your credit history. Get a job to pay your tuition.
Answered By: Serietah - 2/10/2012
Additional Answers (2)
What you are planning to get is a personal loan (although a bank may call it a private student loan) You will need excellent credit with enough salary to easily pay back the loan. The first re-payment will be one month from when you got the loan.
Answered By: Angry Bird - 2/10/2012
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